5 stores closing the hundreds of locations, from JCPENNEY to Starbucks
The retailers always fight debts and low sales of COVID-19 and inflation.
It is not a secret for anyone that many companies - both large companies and independent sellers - had difficulty regaining their foot following COVID -19, followed by paralyzing inflation rate and price . Unfortunately, some retailers had no choice but to close their doors for good, while others relied on bankruptcy deposits and mergers to get back on the right financial road. Continue to read to see which five major brands close hundreds of locations afterwards.
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1 JCPENNY
Since the Pandemic Covid-19, JCPENNEY, like many other department stores, has submitted a bankruptcy file and therefore, reduced his wallet . The retailer has closed more than 200 locations, with 119 other stores that should close after labor festival.
THE $ 947 million purchasing all Acash Was solidified on July 25 between the Copper CTL properties go through Trust and a subsidiary of Onyx Partners, LTD, according to a press release.
Store closings will affect 119 locations in 35 states, the majority of people belonging to California (19 stores), Texas (21 stores) and the Northeast region. A detailed repertoire can be found in this USA today report.
2 Starbucks
Starbucks has removed all its fleet of pickup locations only by the end of 2026. There are about 80 to 90 of these store formats dispersed in 20 states, with a large quantity located in large cities like Manhattan.
The collection stores only, which did not concern any interaction used, helped to eliminate long waiting times and rationalized the overall experience for staff and customers. However, CEO of Starbucks Brian Nicco The company said that the company returns at its original coffee style provision.
In A call for profits of July 29 , Niccol has announced its intention to "sunset our mobile order and our concept of collection only" to "improve and transform the foundations of our North American company so that we restore this moment of connection between a barista and their client".
“We found that this format was too transactional and lacking in heat and human connection that defines our brand. We have a strong digital offer and believe that we can offer the same level of convenience thanks to our community cafes with a mobile order and a higher payroll experience, "he said about the decision.
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3 Kroger and Albertsons
Kroger intends to 60 stores shutter Until 2026, although the exact locations are not yet revealed.
"We simplify our business and examine areas that will not be significant for our future growth," said the acting director general Ronald Sargent said in a profits call . "Today, not all our stores provide the lasting results we need."
The news comes from the failed merger of Kroger with Albertsons. Now, the two giants of the grocery store are linked to a trial And Close a handful of locations accordingly. According to Supermarket news Albertsons closed two stores earlier this summer.
4 Rite
Following a second bankruptcy deposit, Rite Aid will finish 114 store locations, reports Renard business .
As Best life previously reported In May, "Rite Aid sold the assets of almost all of his CVS, Walgreens, Albertson and Kroger pharmacies ... All the locations that are not taken care of by CVS should close at the beginning of the summer." So we are there.
Store closures should take place:
- Pennsylvania
- California
- new York
- Washington
- New Jersey
- Maryland
- Vermont
- Connecticut
- Delaware
- New Hampshire
- Idaho
- Ohio
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5 At home
Earlier this summer, it was revealed that at home Finish 26 stores In the midst of his bankruptcy deposit in chapter 11. Some locations have already launched eruption sales and high markings to encourage sales and help unload the inventory before going to darkness on September 3.
As for the windows that are set to close, USA today Original court documents and organized this complete list:
- 6135 Junction boulevard in Rego Park, New York
- 300 Baychester Ave. In the Bronx, New York
- 750 Newhall Drive in San Jose, California
- 2505 El Camino Real in Tastin, California
- 14585 Biscayne boulevard in North Miami, Florida
- 2200 Harbor boulevard in Costa Mesa, California
- 3795 E. FOOTHILLS boulevard à Pasadena, California
- 1982 E. 20th St. in Chico, California
- 2820 Highway 63 South in Rochester, Minnesota
- 26532 Towne Center Drive Suites A-B in Foothill Ranch, California
- 1001 E. Sunset Drive in Bellingham, Washington
- 8320 Delta Shores Circle South in Sacramento, California
- 1361 NJ-35 in the canton of Middletown, New Jersey
- 2900 N. Bellflower boulevard in Long Beach, California
- 720 Clairton Boulevard in Pittsburgh, Pennsylvania
- 2530 Rudkin Road in Yakima, Washington
- 571 Boston Turnpike in Shrewsbury, Massachusetts
- 5203 W. War Memorial Drive in Peoria, Illinois
- 8300 Sudley Road in Manassas, Virginie
- 461 route 10 East in Ledgewood, New Jersey
- 301 Nassau Park Boulevard in Princeton, New Jersey
- 300 providence Highway in Dedham, Massachusetts
- 905 S 24th St. West in Billings, Montana
- 19460 Compass Creek Parkway in Leesburg, Virginie
- 3201 N. Mayfair Road in Wauwatosa, Wisconsin
- 13180 S. Cicero Ave. In Crestwood, Illinois
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